Adjustable vs Fixed

Compare a fixed-rate mortgage to an adjustable-rate scenario with planned adjustments and a lifetime cap.

Loan Amount

Loan Term (Years)

Fixed Rate (%)

Initial ARM Rate (%)

Months Before First Adjustment

Months Between Adjustments

Expected Adjustment Each Time (%)

Lifetime Rate Cap (%)

Fixed Monthly Payment:

Fixed Total Payment:

Fixed Total Interest:

ARM Initial Payment:

ARM Max Payment:

ARM Total Payment:

ARM Total Interest: